| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The light crude oil price has edged higher by 4.41% since the middle of August. The commodity breached the $43.50 level during last week's trading sessions.
Technical indicators suggest buying signals on all time-frame charts. Most likely, buyers could pressure the Brent commodity higher during the following trading sessions.
However, the weekly resistance level at 43.72 could provide resistance for the LIGHT.CMD/USD exchange rate during this week's trading sessions.